Canada's industry minister made a point of calling out Pepsi and Coca-Cola for not sending representatives to a meeting he convened on Monday with manufacturing companies to discuss stabilizing grocery prices.
Francois-Philippe Champagne singled out the two companies when asked by a journalist what the consequences would be if major industry players did not succeed in stopping high inflation."This morning, did not attend the meeting," Champagne said of beverage giants Pepsi and Coca-Cola.The Canadian leaders of seven international manufacturing companies, including Nestle and Kraft Heinz, met with Champagne.
A government source told The Canadian Press that the CEOs of Pepsi and Coca-Cola responded to the federal government summons by stating they were not available Monday. The source was granted anonymity because they were not allowed to speak publicly about the matter. All avoided speaking with journalists. The CEO of the Food, Health & Consumer Products of Canada association, Michael Graydon, attended the meeting and agreed to answer questions on their behalf."We're very much about co-operation and support, collaboration," he said. "It's an industry that needs to align and work collectively to find a solution."
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